Market Overview:
The global skimmed milk powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for dairy products, increasing population, and growing awareness about the benefits of skimmed milk powder. Based on type, the global skimmed milk powder market is segmented into goat milk powder and cow milk powder. Cow milk powders are expected to account for a larger share of the market than goat milk powders during the forecast period. This can be attributed to their high nutritional value and widespread use in various applications such as prepared dry mixes, confectionery, dairy products, bakery items, etc. Based on application, prepared dry mixes are estimated to account for a larger share of the global skimmed milk powder market than other applications during 2018-2030 owing to their wide usage in food preparations across different regions worldwide. Other major applications include confectionery products (chocolates & candies), dairy items (milk shakes & ice creams), bakery items (cakes & pastries), etc.
Product Definition:
Skimmed milk powder is a type of dairy product that has been reduced to a dry, powdery form. It is made by evaporating skimmed milk until it becomes a thick, white slurry. The resulting skimmed milk powder is then dried in a low-temperature oven or dehydrator. Skimmed milk powder has many uses in the food industry, including as an ingredient in baked goods, ice cream and other desserts, and infant formula.
Goat Milk Powder:
Goat milk powder is a by-product obtained during the production of goat milk. It has several benefits over regular powdered milk and can be used in various applications such as bakery, beverages, confectionery & chocolates production. Goat Milk Powder contains amino acids which are essential for human health and helps build muscle mass along with strengthening bones & teeth.
Cow Milk Powder:
Cow milk powder is a by-product obtained during the processing of cow milk. It contains protein, carbohydrates, vitamins and minerals like calcium & phosphorous which makes it an essential ingredient in skimmed milk powder industry. The global market for skimmed milk powder is expected to witness significant growth over the forecast period owing to rising health awareness among consumers and changing lifestyles that have resulted in increased consumption of low-fat dairy products such as skimmed milk.
Application Insights:
The dairy application segment led the global skimmed milk powder market in 2017. The product is used as a substitute for skimmed milk in bakery and confectionery products. Moreover, it is also used as an ingredient in prepared dry mixes (PDM) for PDM manufacturers such as Greenfield Foods are considering expanding their operations into foreign markets where skimmed milk powder is consumed largely on a domestic level due to increasing demand from consumers particularly in countries like India, China and Japan.
Prepared dry mix was the second-largest application of SKMP with over 25% share of the total revenue generated by this segment.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from countries such as China, India, Japan, South Korea, Singapore and Thailand. Increasing population coupled with rising disposable income levels in these countries has resulted in an increased demand for dairy products. This trend is projected to continue driving the regional market over the forecast period.
Europe accounted for a significant share of revenue on account of growing consumption across several European countries including Germany, France and U.K., which are majorly driven by increasing health consciousness among consumers along with changing lifestyles resulting into high consumer preference for low-fat food products rich in calcium content rather than high calorie foods that contain saturated fat content or cholesterol level elevations as shown in studies published by medical research institutes such as Medical Research Council (MRC) UK or National Health Service (NHS).
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of skimmed milk powder market.
- Rising disposable income of consumers is fueling the demand for premium quality dairy products, which in turn is propelling the growth of skimmed milk powder market.
- Growing awareness about the health benefits associated with consumption of skimmed milk powder is stimulating its demand across the globe.
- Rapid urbanization and changing lifestyle trends are providing a major impetus to the growth of skimmed milk powder market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Skimmed Milk Powder Market Research Report
By Type
Goat Milk Powder, Cow Milk Powder
By Application
Prepared Dry Mixes, Confectionery, Dairy, Bakery, Others
By Companies
Arla, Nestle, Yili, Danone, Bay Valley Foods, FrieslandCampina, Vreugdenhil Dairy, ALPEN DAIRIES, Land O'Lakes, California Dairies, Burra Foods, Fonterra, ADPI, Hoogwegt Australia, Dairygold, Kaskat Ltd, Mengniu, Feihe, Wondersun, Tatura Milk Industries Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Skimmed Milk Powder Market Report Segments:
The global Skimmed Milk Powder market is segmented on the basis of:
Types
Goat Milk Powder, Cow Milk Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Prepared Dry Mixes, Confectionery, Dairy, Bakery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arla
- Nestle
- Yili
- Danone
- Bay Valley Foods
- FrieslandCampina
- Vreugdenhil Dairy
- ALPEN DAIRIES
- Land O'Lakes
- California Dairies
- Burra Foods
- Fonterra
- ADPI
- Hoogwegt Australia
- Dairygold
- Kaskat Ltd
- Mengniu
- Feihe
- Wondersun
- Tatura Milk Industries Limited
Highlights of The Skimmed Milk Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Goat Milk Powder
- Cow Milk Powder
- By Application:
- Prepared Dry Mixes
- Confectionery
- Dairy
- Bakery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Skimmed Milk Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Skimmed milk powder is a powdered form of milk that has been removed from the cream. It is used as an ingredient in food products and drinks.
Some of the major players in the skimmed milk powder market are Arla, Nestle, Yili, Danone, Bay Valley Foods, FrieslandCampina, Vreugdenhil Dairy, ALPEN DAIRIES, Land O'Lakes, California Dairies, Burra Foods, Fonterra, ADPI, Hoogwegt Australia, Dairygold, Kaskat Ltd, Mengniu, Feihe, Wondersun, Tatura Milk Industries Limited.
The skimmed milk powder market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Skimmed Milk Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Skimmed Milk Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Skimmed Milk Powder Market - Supply Chain
4.5. Global Skimmed Milk Powder Market Forecast
4.5.1. Skimmed Milk Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Skimmed Milk Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Skimmed Milk Powder Market Absolute $ Opportunity
5. Global Skimmed Milk Powder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Skimmed Milk Powder Market Size and Volume Forecast by Type
5.3.1. Goat Milk Powder
5.3.2. Cow Milk Powder
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Skimmed Milk Powder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Skimmed Milk Powder Market Size and Volume Forecast by Application
6.3.1. Prepared Dry Mixes
6.3.2. Confectionery
6.3.3. Dairy
6.3.4. Bakery
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Skimmed Milk Powder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Skimmed Milk Powder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Skimmed Milk Powder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Skimmed Milk Powder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Skimmed Milk Powder Demand Share Forecast, 2019-2026
9. North America Skimmed Milk Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Skimmed Milk Powder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Skimmed Milk Powder Market Size and Volume Forecast by Application
9.4.1. Prepared Dry Mixes
9.4.2. Confectionery
9.4.3. Dairy
9.4.4. Bakery
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Skimmed Milk Powder Market Size and Volume Forecast by Type
9.7.1. Goat Milk Powder
9.7.2. Cow Milk Powder
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Skimmed Milk Powder Demand Share Forecast, 2019-2026
10. Latin America Skimmed Milk Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Skimmed Milk Powder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Skimmed Milk Powder Market Size and Volume Forecast by Application
10.4.1. Prepared Dry Mixes
10.4.2. Confectionery
10.4.3. Dairy
10.4.4. Bakery
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Skimmed Milk Powder Market Size and Volume Forecast by Type
10.7.1. Goat Milk Powder
10.7.2. Cow Milk Powder
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Skimmed Milk Powder Demand Share Forecast, 2019-2026
11. Europe Skimmed Milk Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Skimmed Milk Powder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Skimmed Milk Powder Market Size and Volume Forecast by Application
11.4.1. Prepared Dry Mixes
11.4.2. Confectionery
11.4.3. Dairy
11.4.4. Bakery
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Skimmed Milk Powder Market Size and Volume Forecast by Type
11.7.1. Goat Milk Powder
11.7.2. Cow Milk Powder
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Groth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Skimmed Milk Powder Demand Share, 2019-2026
12. Asia Pacific Skimmed Milk Powder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Skimmed Milk Powder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Skimmed Milk Powder Market Size and Volume Forecast by Application
12.4.1. Prepared Dry Mixes
12.4.2. Confectionery
12.4.3. Dairy
12.4.4. Bakery
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Skimmed Milk Powder Market Size and Volume Forecast by Type
12.7.1. Goat Milk Powder
12.7.2. Cow Milk Powder
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Skimmed Milk Powder Demand Share, 2019-2026
13. Middle East & Africa Skimmed Milk Powder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Skimmed Milk Powder Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Skimmed Milk Powder Market Size and Volume Forecast by Application
13.4.1. Prepared Dry Mixes
13.4.2. Confectionery
13.4.3. Dairy
13.4.4. Bakery
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Skimmed Milk Powder Market Size and Volume Forecast by Type
13.7.1. Goat Milk Powder
13.7.2. Cow Milk Powder
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Skimmed Milk Powder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Skimmed Milk Powder Market: Market Share Analysis
14.2. Skimmed Milk Powder Distributors and Customers
14.3. Skimmed Milk Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arla
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nestle
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Yili
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Danone
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bay Valley Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FrieslandCampina
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Vreugdenhil Dairy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ALPEN DAIRIES
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Land O'Lakes
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. California Dairies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Burra Foods
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fonterra
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ADPI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hoogwegt Australia
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dairygold
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kaskat Ltd
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Mengniu
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Feihe
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Wondersun
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Tatura Milk Industries Limited
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
